ASML Holding N.V. (ASML) vs Lam Research Corporation (LRCX)

ASML Holding N.V. and Lam Research Corporation are both Semiconductor Equipment & Materials companies. ASML Holding N.V. is the larger, with a market value of $638.8B against $347.2B — 1.8× the size. ASML Holding N.V. trades at the lower P/E: 40.4× against 45.6×. ASML Holding N.V. grew revenue faster over the last twelve months: 28.8% against 26.0%. ASML Holding N.V. has the higher net margin (34.1% vs 31.3%) and the higher return on invested capital (84.9% vs 48.2%). Both pay a dividend; ASML Holding N.V. yields more (0.55% vs 0.42%). Across the 23 metrics below, ASML Holding N.V. leads on 18 and Lam Research Corporation on 5.

Valuation

Metric ASML LRCX Semiconductor Equipment & Materials median
P/E 40.38 45.59 45.03
P/S 13.73 14.26 4.64
P/B 28.34 26.56 3.22
Price to free cash flow 26.25 67.73 48.18
EV/EBITDA 32.88 38.12 33.11
EV/Sales 13.50 14.18 5.52
Earnings yield 2.48% 2.19% 1.41%
Free cash flow yield 3.81% 1.48% 1.67%

Profitability

Metric ASML LRCX Semiconductor Equipment & Materials median
Gross margin 54.35% 50.47% 43.95%
Operating margin 38.55% 35.29% 10.32%
Net margin 34.13% 31.27% 7.45%
Free cash flow margin 52.28% 21.05% 6.77%
Return on equity 0.00% 65.07% 4.78%
Return on assets 25.93% 32.38% 3.62%
Return on invested capital 84.93% 48.23% 6.10%

Growth

Metric ASML LRCX Semiconductor Equipment & Materials median
Revenue growth (TTM) 28.77% 26.02% 14.60%
EPS growth (last fiscal year) 34.25% 38.80% (4.56%)
Revenue growth, 5-year CAGR 18.28% 9.70% 10.11%
Net income growth, 5-year CAGR 21.78% 13.20% 0.00%

Health

Metric ASML LRCX Semiconductor Equipment & Materials median
Debt to equity 0.09 0.30 0.09
Current ratio 1.49 2.63 3.66
Net debt to EBITDA (0.72) (0.21) (0.49)

Dividend

Metric ASML LRCX Semiconductor Equipment & Materials median
Dividend yield 0.55% 0.42% 0.42%
Payout ratio 0.22 0.19 0.19

Size

Metric ASML LRCX Semiconductor Equipment & Materials median
Market cap 638.81b 347.22b 3.80b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack